(original title: disillusionment of the investment myth of 500 million to 5 billion? The equity of Wang Sicong's price capital was frozen)
Screenshot source: Wang Sicong microblog home page
2019 seems to be a year of "water reversal" for Wang Sicong, who has entered the investment circle for 10 years. Following the banana plan, Wang Sicong's equity in price capital, which trained with 500 million 'pocket money', was also frozen.
According to tianyancha data, the equity of Beijing price Investment Co., Ltd. (hereinafter referred to as "price capital"), which is 100% owned by Wang Sicong as chairman, was frozen by Shanghai Baoshan District People's court. The specific freezing amount is ominous. The freezing date is from October 15, 2019 to October 14, 2022.
Details of judicial assistance of Beijing Pusi Investment Co., Ltd. Screenshot source: tianyancha
Prior to this, the equity of several companies where Wang Sicong served as an executive or shareholder was also frozen. According to the calculation of Zhongxin Jingwei reporter, as of press time, the total value of frozen equity under Wang Sicong's name has exceeded 84.45 million yuan. In addition, the panda live broadcast founded by Wang Sicong was declared bankrupt in March this year, and its operator, Shanghai Panda mutual Entertainment Culture Co., Ltd., has been listed as "Lao Lai" by the court for many times.
At the beginning, Wang Sicong's investment territory
Price capital can be said to be the starting point of Wang Sicong's investment. According to public reports, in 2009, Wang Jianlin said that Wang Sicong was unwilling to intervene in Wanda's management, so he gave him 500 million yuan to "let it toss", so Wang Sicong established puss capital. The English name 'Prometheus' of price capital is taken from Greek, which means' foresight'. According to its official website, price capital has invested more than 3 billion yuan.
According to the information on the official website, price capital has successively invested in public comments, hero entertainment, Renren car, Hannah mountain and other projects. Many projects have a good return on investment, and Wang Sicong's investment vision has also been recognized by the market. Take hero entertainment, which took a stake in 2016, as an example. After the backdoor new third board, the valuation of hero entertainment once hit 20 billion yuan. After selling hero mutual entertainment shares, price investment earned 51.81 million yuan in just six months, with a yield of 65%.
Some investment cases of price capital. Screenshot source: price capital official website
Last year, Ig won the global championship in one fell swoop, which made Wang Sicong and his E-sports Empire win enough attention. As early as August 2011, Wang Sicong announced "strong entry into integrated E-sports" on his microblog, acquired the CCM team facing dissolution at that time and established Ig E-sports club. Seven years later, with the last fierce attack, Ig won the summoner championship trophy in one fell swoop. In addition to Ig, according to tianyancha data, price capital has also invested in a number of game companies, including Yunyou holdings, Chuang mengtiandi, imbatv, titanium technology, online fish and online cafe. Its integration action in the e-sports circle has also attracted much attention from the outside world.
In addition, Wang Sicong successively founded panda mutual entertainment and banana game media in 2015, which basically covers the whole industrial chain of e-sports industry, and a pan entertainment empire is also taking shape.
Tianyancha information shows that Wang Sicong acts as a legal person in 20 companies, as a shareholder in 33 companies and as an executive in 34 companies, and has actual control over 107 enterprises.
Wang Sicong's business territory. Screenshot source: tianyancha
According to the 2018 Hurun post-80s wealth inheritance rich list, Wang Sicong's personal worth has reached 5 billion yuan. According to this calculation, the original 500 million yuan given by Wang Jianlin has increased nearly 10 times in less than 10 years. In contrast, the market value of Wanda film under Wang Jianlin has fallen from the peak of 160 billion yuan in 2015 to about 30 billion yuan, a decrease of nearly four fifths. It seems that Xiao Wang has the potential to catch up with Lao Wang.
LETV sports pen
Even the son of the richest man, the road of investment will not be smooth. Wang Sicong and price capital fell a big fall in LETV sports.
In 2015, during the most prosperous period of LETV sports, price capital officially took shares in LETV sports, holding 3.96% of LETV sports, becoming the eighth largest shareholder of LETV sports.
In December 2016, LETV sports disclosed at a shareholders' meeting that without the consent of the board of directors or the shareholders' meeting, LETV sports lent more than 4 billion yuan to its related party LETV Holdings (the company actually controlled by Jia Yueting with LETV sports, LETV interaction and LETV network).
As the funds were occupied by affiliated companies, the normal business activities of LETV sports were seriously affected. A large number of businesses could not be carried out due to lack of funds, and even were prosecuted and held responsible for failing to repay external debts. The investment rights and interests of a number of shareholders suffered losses, including price capital.
After the problem of fund occupation could not be solved for a long time, price capital and other investment institutions took LETV sports to court and asked LETV sports to compensate for the losses. According to LETV sports announcement, price capital requires LETV sports to compensate 97.8516 million yuan for economic losses.
Judging from the current situation of LETV, it is not easy for Wang Sicong to recover this investment of nearly 100 million yuan. On July 3, tianyancha data showed that LETV sports culture industry development (Beijing) Co., Ltd. (hereinafter referred to as' LETV sports') had its business license revoked.
Is the layout of Pan entertainment empire declining?
In 2019, Wang Sicong's companies frequently heard bad news.
In early March this year, panda live announced on the official microblog that it would shut down the server, confirming the previous rumors about the collapse of panda live. Tianyancha data show that on July 1 and August 2 this year, panda mutual entertainment was listed as a dishonest executee twice by the court, which is commonly known as' Lao Lai '.
Since the second half of this year, the equity of many companies under the banana plan founded by him has been frozen one after another. Banana program includes many subsidiaries such as games, sports, brokerage performances, film and television, music and so on. From the perspective of mutual legal assistance information, at present, the equity of Shanghai banana plan Entertainment Culture Co., Ltd., Shanghai banana film and television plan Culture Development Co., Ltd. and Shanghai banana plan video game Co., Ltd. has been frozen, with a frozen equity value of more than 70 million yuan.
Shanghai crystal litchi Entertainment Culture Co., Ltd. (hereinafter referred to as "crystal litchi entertainment"), which is 80% owned by Wang Sicong, was frozen on July 15 this year. From the freezing date to July 14, 2022, the equity of 8 million yuan held by Wang Sicong was frozen. Tianyancha information shows that crystal litchi entertainment was jointly founded by Wang Sicong and actor Lin Xinxin.
On the 17th, tianyancha data showed that Wang Sicong, chairman of the board and holding 100% of the equity of Beijing Pusi Investment Co., Ltd., was frozen by Shanghai Baoshan District People's court. The specific freezing amount is ominous. The freezing date is October 14, 2022.
According to the calculation of Zhongxin Jingwei reporter, as of press time, the total value of frozen equity under Wang Sicong's name has exceeded 84.45 million yuan. According to the latest data from Hurun's rich list, Wang Jianlin's family ranks ninth with a wealth of 120 billion yuan. The equity freeze of less than 100 million yuan is only a drop in the bucket compared with the wealth of the whole family, not as good as Wang Jianlin's' a small goal '. However, for Wang Sicong, if he wants to make some achievements in the field of Pan entertainment and really tear off the label of "rich second generation", he needs not only "foresight" or "one-day tour of tuyere", but also the long-term, stable and sustainable development of the invested enterprises.